Europe Silage Inoculant Market - Growth, Trends and Forecasts (2017 - 2022)
European silage inoculants market is expected to cross US$ 112 million by 2020 with an estimated CAGR of 4.3%. European countries are leading the market with 40% of the global share. Spain, UK, and France are the major markets. Rise in processed meat industry, increasing demand for quality meat, both for consumption and processing industry, along with increasing cost factor, are driving the market for inoculants in the region. The other alternatives like compound feed are affecting the market negatively. Approval for product line expansion and stringent regulations make the market place challenging in the region. With new technologies and efficient techniques, the markets hope to stay afloat and consolidate their growth trends.
Major bacteria types that act as silage inoculants are Lactobacillus plantarum, Lactobacillus buchneri, Pediococcus pentosaceus and Enterococcus faecium. They are used to ensure proper lactic acid fermentation. Lactobacillus plantarum is the major inoculant leading the market with 26% share, due to its desirable lactic acid fermentation process. Lactobacillus plantarum is also used in mixed form with other species, such as L.buchneri and others.
The market is expected to grow due to the pressure from government to increase local production of meat, and reduce costs incurred on meat imports. Cereal crops have a major share in the market, 34%. Cereals are easily ensiled, as they have high water soluble carbohydrate levels. Corn, barley, and sorghum are the major cereal crops used as silage. However, legume based silages would drive the application segment for inoculants at a CAGR of 4.7% during 2015-2020.
The major players are focused on research and development in efficient production processes and foraying into newer markets to consolidate their market share. Europe anyway is a preferred destination for foreign players who try to enter the new markets in the region.
Market Definition for the specified topic along with identification of key drivers and restraints for the market
Analysis for the Europe Silage Inoculant Market, with region specific assessments and competition analysis on a global and regional scale
Segment-level analysis in terms of application and end-user demand
Forecasts and estimations for the sub-segment level market
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on a global and regional scale
Identification and analysis of the exogenous and endogenous factors such as macro and microeconomic variables that affect the Europe Silage Inoculant Market on both global and regional scale
Extensively researched competitive landscape section with profiles of key players along with their share of markets
A comprehensive analysis of recent organic and inorganic developments in the market by the major companies, and strategic benchmarking of developments
Scope of the Study:
Comprehensive overview of the Europe Silage Inoculant Market
Competitive intelligence regarding the major players in this industry and the strategies adopted by them
Insights about the major countries/regions in which this industry is blooming and also identifies the regions which are untapped